Pactera Technology International Ltd. (PACT) reported second-quarter 2013 net loss attributable to the company of $1.0 million, or $0.01 per share, versus a $6.4 million, or $0.15 per share profit in the 2012 period. On a non-GAAP basis, net income amounted to $11.5 million, or $0.14 per ADS in the second quarter of 2013.

Net revenues for the recent period totaled $163.1 million, compared with the prior-year figure of $71.8 million.

Separately, Pactera announced that its Chief Financial Officer, Sidney Huang, would leave the firm, effective September 15, 2013, to accept a senior executive position at a leading player in the fast-growing Internet sector in China. Upon Huang's departure, Helena Chen, the company's Senior Vice President and Corporate Controller, would become the interim CFO until a successor is named. Huang would remain as an advisor to the company for an extended period after the initial transition to ensure a smooth transition.

Amazon has slashed the price of 4K movies and tv shows, probably to compete with launch offer of Apple TV 4K that plans to sell 4K content at the rate of HD content. The 4K version of its set-top box is expected to be in market next week.

The Securities and Exchange Commission or SEC announced Monday its two new initiatives aimed to address cyber-based threats and protect retail investors. SEC announced the creation of a Cyber Unit to focus the Enforcement Division's substantial cyber-related expertise on targeting cyber-related misconduct. The agency also established a retail strategy task force.

China has largely blocked instant messaging service WhatsApp, the media reported. The disruption is said to be the latest step to tighten censorship as the country prepares for the Communist Party's congress in Beijing, which starts October 18.